LONDON – Presto Engineering Inc., a company which has pioneered contract R&D services for semiconductor companies, has said it has received $6 million in funding to support. The funding round was led by CM-CIC Capital Prive and included existing investor Masseran Gestion.
Operating from locations in San Jose, Calif., Grenoble and Caen in France, Presto delivers product engineering services and hardware to IDMs and fabless vendors, from first-silicon characterization to product release and testing. Presto is currently engaged in a multi-year collaboration with CEA-Leti to develop test and analysis capabilities for 3-D/TSV devices.
Like the fabless business model that has changed the nature of chipmaking, Presto's "labless" model enables chip companies to outsource critical functions that require high rates of capital investment, substantial facility space, and specialized personnel.
"We see this as a strong endorsement of our labless strategy and will assist us as we expand our services model to the major semiconductor regions around the globe," stated Michel Villemain, founder and CEO of Presto Engineering, in a statement.